Any championship football coach can tell you that successfully converting a fourth and long does not depend on making a quick decision; it depends on making the right decision. Considering that a bad call could add upwards of $4 billion per year to Texans’ electricity bills, the Public Utility Commission of Texas should heed that gridiron wisdom when deciding the fate of Texas’ competitive electricity market.
For more than a year, the PUC has debated whether to abandon Texas’ competitive, energy-only market for a system of centralized planning and corporate subsidies. Commonly called a capacity market, this corporate redistribution scheme would issue generating companies a string of subsidies in the hopes of encouraging more investment in new generation.
The story you're reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can now also buy a 24-hour digital pass or 7-day digital pass.
For Subscribers: Sign in here if you have already registered your account.Sign In
For Subscribers: Register your account for digital access.Access Digital
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
Hunker is a policy analyst with the Center for Economic Freedom at the Texas Public Policy Foundation.